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20130204
20130212
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Search Results 0 to 14 of about 15 (some duplicates have been removed)
PBS
Feb 11, 2013 11:00pm PST
obama administration that the health-care reform put forward by him was deficit neutral. >> i think we're going to find out. i think we're going to find out what demands, it's also interesting to figure out what demands this new group will put on the medicare system. the other interesting part about all this, and we'll see this rumble through the system too, health-care costs are largely fixed. their's institutional. it's hospital beds, mri, equipment and-- the fact that an individual gunt see a doctor may lower medicare costs, but it doesn't lower health-care costs. and if we squeeze medicare costs enough, what will happen is the providers, the hospitals and the rest will ultimately have to change their model because it won't be able to respond. so we're at the beginning, i think, of some really structural changes in the health care environment. and we'll see where they end up. >> rose: and washington is not dealing with the issue. >> no, notandidly not well. >> rose: can't get beyond-- you know-- recently it was able to extend the meddle-- middle class tax cuts and not, tend the t
PBS
Feb 10, 2013 12:30pm PST
. >> evan, according to the congressional budget office, the deficit is shrinking and will continue for a while, but it will increase laterecause of an ang population and expansion of federal subsidies. cbo is predicting that by 2023, ifs continue -- if current laws continue, it will be on an upward path and tell that to your children and grandchildren. >> paul krugman has convinced a lot of my liberal friends that it is okay to kick this down the road. >> he actually used those words. >> terrible ide courts all kinds of disasters. sounded -- the interest rate spikes. it takes a long time to fix these problems. sequestration is a crude, ugly tool, but if it had the effect of making people get serious about entitlement reform, it would not be so bad. >> colby, what do you think? >> going back to charles' column, he says that it is the first time since the election the president obama has been on the defense. i don't think that is true. i agree with mark on this, that republicans will bear the brunt of this initially because they are seen as the obstructionists. looking at it in sheer polit
PBS
Feb 5, 2013 5:00pm PST
million. the previous year's primary balance was in a deficit by about $4.7 billion. the surplus in the primary balance is a key milestone in greece's efforts to restore its fiscal health. but the greek public is largely unhappy with the government's measures. major labor unions across the country are calling for a general strike later this month. >>> u.s. justice department officials have demanded $5 billion in damages from standard & poor. they say the credit rating agency caused losses to investors by giving high scores to mortgage-backed securities. department officials said they filed the civil lawsuit against the credit rating agency. they claim the s&p knew the housing market was at risk in 2007. they say they inflated their ratings of loans and other financial products to avoid losing clients. >> s&p misled investors, including ma federally insured financial institutions, causing them to lose billions of dollars. this alleged conduct is egregious. and it goes to the very heart of the recent financial crisis. >> the officials said investors trusted s&p ratings and suffered losses
PBS
Feb 6, 2013 10:00pm PST
working on longer term deficit reduction. that's the sensiblehingo do. why make-- why punish the american people because you haven't been able to achieve your ideological objectives through other means? >> sreenivasan: in another development, the associated press reported the u.s. military is cutting back from two aircraft carriers to one, in the persian gulf. the report cited u.s. officials who said it's a direct response to the looming, across-the-board cuts. u.s. and british regulators have fined the royal bank of scotland more than $610 million for manipulating a key interest rate. the u.s. commodity futures trading commission said today that r.b.s. made hundreds of attempts to manipate the rate known as libor. it's a global benchmark for rates on everything from home mortgages to credit card payments. two other banks-- barclays and u.b.s.-- have already been fined for their roles in the scandal. wall street mostly stayed where it was today. the dow jones industrial average gained seven points to close at 13,986. the nasdaq fell three points to close at 3,168. those are some
PBS
Feb 5, 2013 11:00pm PST
. can't borrow anymore. we've got a deficit that's, let's just call it morning friends a trillion. the c.b.o. estimate was a little bit below finally. but around the neighborhood of a trillion. that's 12 times 85. on top of that, you will... you have t danger of kicking off a worldwide financial panic as people start worrying about, well, is the united states going to default on its debt? if it comes down to paying social security payments or the interest on the debt, are we so sure that america will cut the social security payments and pay the interest on the debt? and a whole bunch of questions like that that we don't want anybody thinking about. we always want people thinking america is going to pay its obligations all of them. all of them. >> charlie: and america is. and we always have. i believe we will. but that's why i'm sorri about even if it's a small probability of a cataclysmic crash to the national debt ceiling, it wouldn't be good. >> reporter: do you think it's essential for the administration to lay out how it were to reform entitlements? >> not at this stage. charl
PBS
Feb 8, 2013 4:30pm PST
coming into the u.s. and more made in america products shipped overseas, the u.s. trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely boosted growth in the last three months of 2012. >> so this is a good sign that exports were a little stronger than we thought when the numbers were first estimated and that is obviously a good sign for the economy. again, the economy is obviously growing way too slowly, but at least on this note, i think it will be revised upward. energy is a now a bright spot for the u.s. economy. thanks to new fracking technology, surging domestic production cut crude oil imports last year by 227 million barrels. but tt success was of
PBS
Feb 7, 2013 5:00pm PST
there's more to pay than to make in december. japan recorded a current account deficit for a second straight month in december, that is the first time since 1985 that the current account balance turned to the red for two consecutive months. finance ministry officials say the current account deficit for december about $2.8 billion. the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year in yen terms. as a result, the current account surplus for the entire year of 2012 turned out to be the smallest based on comparable data available since 1985 the surplus fell 50.8% from the previous year to $50.2 billion. >>> and across oceans the president of the european central bank expects the region's weakness to prevail for sometime. policymakers at the bank decided to keep the key interest rate unchanged. it's at record low level to support europe's ailing economy. the members of the central bank decided the rate should be maintained at 0.75% for a seventh month in a row. european central bank president draghi said t
PBS
Feb 11, 2013 4:30pm PST
import growth and they raise alarm bells. i look at the big change in the trade deficit in one month, and that raises alarm bells. i look at the sharp drop in consumer confidence and consumer sentiment. that raises alarm bells. >> reporter: another immediate concern is the impact of higher payroll taxes, which could forc some households to cutback spending. in addition, gasoline prices are rising. and if they hit the psychologically important $4 a gallon mark, many consumers could also pull back on shopping. and long term, federal budget problems remain one of the biggest hurdles to growth. the u.s. is running an annual deficit of $1.1 trillion. >> we still have some fiscal speed bumps coming. and then we have the question of what they actually do on the fiscal side. so, right now, the economy and the fiscal situation are wrapped up into one really nasty ball of wax. >> reporter: keep in mind that many of the international problems that have existed for more than a year haven't gone away. slowing economies in europe and china could slow global growth. and conflict with iran cou
PBS
Feb 7, 2013 4:30pm PST
pushing for a big deal to reduce the deficit. in a preview of the themes he'll lay out in next week's state of the union address, the president told house democrats today he'd press for a big agenda covering everything from fairness, and jobs to deficits and debt. darren gersh has more. >> reporter: with just a few weeks to go before automatic across the board spending cuts kick in, the president told fellow democrats his state of the union address next week will call for a change in course. >> i am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks, or every two months, or every six months, we are threatening this hard-won recovery. >> reporter: republicans may not applaud during that part of the speech. they've blasted the president for offering symbolic solutions like a tax on corporate airplanes that would raise enough money to cover one month week of the automatic spending cuts know collectively as the sequester. given the stand off, analysts now predict the sequester will take effect as planned on march first. >
PBS
Feb 5, 2013 4:30pm PST
deficit will come in at 45 billion this ar, the first deficit under $1 trillion since 2008. that's projected to fall to $430 billion in 2015; that's about 2.4% of g.d.p. but the public debt is projected to hit 77% of the economy by 2023. >> countries that find themselves with very high debt to g.d.p. and then encounter economic problems or international circumstances to which they need to respond really find themselves in very bad and dangerous circumstances. >> reporter: so the budget trade-off remains: balanci near-term economic pain against long-term gain. darren gersh, "n.b.r.," washington. >> tom: a trio of companies relying on consumers had some mixed financial results late today but were greeted with mostly encouraging reactions with their stocks. we will have details from restaurants panera bread and chipotle mexican grill in a moment. but first, disney. while earnings per share were down from a year ago, they were better than estimates. tuna amobi covers disney for s&p capital i.q. take us through some of the details and really the mix of income within this big media congl
PBS
Feb 4, 2013 10:00pm PST
really heart-breaking deficits in their academic skills. on average a fifth grader comes to our school at least two or three grade levels behind. >> reporter: these kinds of educational deficits have caused lingering problems for a city where one-third of all students fail to graduate on time. >> we have to make sure that we are... >> reporter: that has led to a concentrated effort by bridgeport academy middle school. like all our achievement first schools to place and keep great teachers in the classroom. in order to identify who those great teachers are, acevement first ceo says the organization has developed a comprehensive checklist to evaluate its teachers. >> in the past teacher evaluation has focused on observations which at their worst become staged dog and pony show experiences that don't actually tell you a lot about teachers' effectiveness or more importantly how they need to improve. >> i want us now to walk quickly through the school work for the whole observation. >> reporter: at this school teacher observations are detailed bi-weekly and discussed at length in reg
PBS
Feb 5, 2013 10:00pm PST
. here's hari sreenivasan. >> sreenivasan: this year's federal budget deficit will fall below a trillion dollars for the first time since president obama took office. the congressional budget office projected today the red ink will be roughly $845 billion. it was $1.1 trillion last year. the c.b.o. attributed the decline in part to new tax hikes and to automatic spending cuts scheduled to take effect in march. but it said those samfactors may also hold back economic growth. personal computer maker dell has announced it's going private. the company detailed a $24 billion buyout of stockholders today. it's the largest deal of its kind since the great recession. dell has been publicly traded for nearly 25 years. but sales have waned as consumers have shifted towards smartphones and tablets. britain took a major step today toward legalizing same-sex marriage nationwide. the house of commons voted more than 2-1 to legalize the practice. that's despite sharp divisions in the ruling conservate party. prime minister david cameron acknowledged the split, but supported the bill. >> i thin
Search Results 0 to 14 of about 15 (some duplicates have been removed)